OECD Reviews of Innovation Policy: Finland 2017

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Although Finland achieved a widely acclaimed transformation to become a leading knowledge-based economy in the late 20th century, the 2009 recession and disruptive change contributing to a deep restructuring of the information and communication technology (ICT) industry and the downsizing of traditional sectors have weighed on the economy, productivity growth and international competitiveness. Numerous policy reforms have since been undertaken, and public and private investment, especially in applied R&D, has been cut back. Strengthening and lifting Finland’s innovation system out of a period of uncertainty requires a coherent and unified new vision for science, technology and innovation (STI), renewed investment and policy instruments. This vision should be oriented towards renewal tackling societal challenges and developing new knowledge-based competitive advantages at global scale. Success calls for better co-ordination and co-operation among policy actors and national and regional-levels, and further internationalisation.




The OECD Review of Finland’s Innovation Policy is part of a series of OECD country reviews of innovation policy (www.oecd.org/sti/innovation/reviews). It was requested by the authorities of Finland, represented by the Ministry of Employment and the Economy and supported jointly by the Minister of Economic Affairs and Employment, Dr. Olli Rehn, and the Minister of Education and Culture, Ms Sanni Grahn-Laasonen. The review was carried out by the OECD Directorate for Science, Technology and Innovation under the auspices of the Committee for Scientific and Technological Policy (CSTP).


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